In this post, Karen Denny (Partner) and Zainab Hodgson (Senior Associate) in the Litigation & Arbitration Team at CMS, comment on the highly anticipated judgment in The Law Debenture Trust Corporation plc v Ukraine (represented by the Minister of Finance of Ukraine acting upon the instructions of the Cabinet of Ministers of Ukraine) [2023] UKSC 11 – handed down on 15 March 2023.
Summary
The Supreme Court has unanimously dismissed the summary judgment application made by the Law Debenture Trust Corporation plc (“the Trustee”), acting on behalf of the Russian Federation (“Russia”), regarding the Trustee’s contractual claim against Ukraine concerning

